PayPal (NASDAQ:PYPL) Updates FY 2024 Earnings Guidance

PayPal (NASDAQ:PYPL) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.650-3.650 for the period, compared to the consensus estimate of 4.750. The company issued revenue guidance of -. PayPal also updated its Q2 2024 guidance to 0.830-0.830 EPS.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $0.15 during trading hours on Thursday, reaching $66.29. The stock had a trading volume of 6,331,658 shares, compared to its average volume of 16,484,373. The business’s fifty day moving average is $63.39 and its two-hundred day moving average is $60.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.29. The company has a market cap of $69.78 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.26 and a beta of 1.41. PayPal has a twelve month low of $50.25 and a twelve month high of $76.54.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, research analysts expect that PayPal will post 4.02 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the subject of a number of research reports. William Blair restated an outperform rating on shares of PayPal in a research note on Thursday, February 8th. JPMorgan Chase & Co. decreased their price target on PayPal from $75.00 to $70.00 and set an overweight rating on the stock in a report on Thursday, February 8th. BMO Capital Markets raised their price target on PayPal from $64.00 to $65.00 and gave the company a market perform rating in a report on Wednesday. Needham & Company LLC reiterated a hold rating on shares of PayPal in a report on Tuesday. Finally, Mizuho raised their price target on PayPal from $60.00 to $68.00 and gave the company a neutral rating in a report on Wednesday. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal has an average rating of Hold and a consensus price target of $72.73.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.